1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serga [27]
4 years ago
9

Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th

at the employee worked 55 hours during the week, and that the gross pay prior to the current week totaled $63,800. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $633.
Business
1 answer:
Marrrta [24]4 years ago
6 0

Answer: $1750

Explanation:

Given Data

Earnings = $44/ hr

Overtime Earnings = 1.5 times Of $44

= $66

Hours worked during the week = 55 hrs

Social security tax rate = 6.0%

Medicare tax rate = 1.5%

Federal income tax = $633

Therefore:

Gross pay = Normal pay + overtime pay

Normal pay

= $44 * 40 hrs

= $1760

Overtime pay

= $66 * 15 hrs

= $990

Gross pay = $1760 + $990

= $1750

Social security tax

= 0.06 * $2750

= $165

Medicare tax

= 0.015 * $2750

= $41.25

Total tax

= $633 + $41.25 + $165

= $839.25

Net pay

= $2750 - $839.25

= $1910.75

You might be interested in
The consumer price index (CPI) is used to compute inflation.
NemiM [27]

Answer:

True

Explanation:

The CPI results from the variation of prices in a market basket compared between 2 years and the inflation is the measure of the change in CPI in a series of time.

8 0
4 years ago
Read 2 more answers
When herman asks "any more recent employment history? eliot has been out of business for 20 years," is he violating the age disc
beks73 [17]
<span>No, Herman is not discriminating based on age so he is not violating the age discrimination in employment act. What he is doing is requesting recent employment history because the recent history given is at least 20 years old. This has nothing to do with the age of the applicant, which is what is necessary for there to be a discrimination, but all to do with whether the applicant has recent relevant experience.</span>
8 0
4 years ago
[30 PTS + BRAINLIEST]
saw5 [17]

Answer:

C

Explanation:

A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.

Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.

The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.

Hope this helps!

3 0
4 years ago
Read 2 more answers
A company manufactures and sells a product for $124 per unit. The company's fixed costs are $72,760, and its variable costs are
exis [7]

Answer:

The break even point in units is 2,425.33.

Explanation:

The break even point is how many units you have to sell to pay the fixed costs. The selling price per unit is 124 and the cost per unit is 94. The contribution margin is 124-94 = 30. This means that per every unit you sell, you have $30 for paying the fixed costs. So, the total units for paying all the fixed costs are 72,760/30 = 2,425.33.

8 0
4 years ago
According to the PLC, the ________ stage is reached when sales plunge to zero, or when they drop to a low level where they conti
Radda [10]
The Incubation because it drop to a low level so it’s E
7 0
3 years ago
Read 2 more answers
Other questions:
  • If duopolists individually pursue their own self-interest when deciding how much to produce, the amount they will produce collec
    11·1 answer
  • Ursula, an employee of Ficus Corporation, is 35 years old and plans to retire in 20 years. The corporation has a qualified retir
    12·1 answer
  • Which savings account can I financial institution end
    7·1 answer
  • A sequence arranged from highest to lowest is in_____order.
    9·1 answer
  • Without trade, jake consumes 20 pounds of green beans and 80 pounds of corn, and jane consumes 40 pounds of green beans and 40 p
    12·1 answer
  • For each of these situations, determine the savings amount. Use the time value of money tables inChapter 1 (Exhibit 1–3) or in t
    13·1 answer
  • Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply the housing. Assumin
    9·1 answer
  • Caroline invents a device that uses solar energy to charge cell phone batteries. She posts her invention online to raise $2,000
    6·2 answers
  • The total cost of a finished product does not generally contain equal amounts of materials, labor, and overhead costs.
    14·2 answers
  • Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude fro
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!